N.J.S.A. 17:29A-15.2 — Commission of producer unaffected by tort option.

17:29A-15.2 Commission of producer unaffected by tort option. 14. Notwithstanding any other provision of law to the contrary, the dollar amount of the commission paid to a producer for residual bodily injury coverage provided pursuant to section 8 of P.L.1972, c.70 (C.39:6A-8) shall be the same whether the named insured elects the tort option provided for in subsection a. of that section or the tort option provided for in subsection b. of that section. This section shall not apply to commissions on a basic automobile insurance policy issued pursuant to section 4 of P.L.1998, c.21 (C.39:6A-3.1). L.1988,c.156,s.14; amended 1998, c.21, s.22.

This is the verbatim text of N.J.S.A. 17:29A-15.2, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.